Prices are still increasing in our local market as we see in the most recent Sunny Isles Condo Index. Since the last JADE update in November, we find select inventory appreciating in value and new construction stepping in with values beginning at $1,300 to $2,000 per square foot. Sunny Isles Beach condo inventory has increased to 824 total condos for sale and 178 closed sales in the last 90 days averaging $438 per square foot. Last year 354 Sunny Isles oceanfront condos sold over $500,000 USD through our MLS database with an average selling price per square foot of $684. As of January 20th 2015, 6 Sunny Isles Beach condos have sold over $500k with an average sale price per square foot at $623 SP$/PSF. In a contrast comparison of luxury oceanfront condos on Collins Avenue and priced over $1M, we see 280 condos for sale today with 197 closed sales last year averaging a sales price per square foot of $815 and selling at 93% of list price.

If we take the top 10 luxury condo sales from the last 90 days, we find an average sales price per square foot of $1,076 and an average asking price per square foot of $1,171 psf reflecting an average 8% discount for new buyers shopping for luxury real estate in Sunny Isles Beach.

Oceanfront real estate market values are noting considerable price gains over these last 6 years and what the future holds, time will tell. With new projects released this year, preconstruction and existing condo developments, Sunny Isles Beach condo inventory is increasing while sale to list price ratios are averaging 95% and 145 days on the market. With new construction (Jade Signature) on the South side of Jade Beach and on the North side (MUSE) of Jade Ocean, the 01 and 08 line values are in trouble. More owners are decide they don’t want to deal with the view obstruction and the ongoing & upcoming noise concerns. These new towers are jeopardizing resale values during the development stage while residents undergo considerable noise, dust and new disgruntled competition. I’ll be reporting on trends & values from the units directly facing these new construction towers and have been watching prices drop over the last 6 months. Again, Jade Signature to the South and MUSE to the North. While short term concerns have many alarmed, smart long term buyers will see past the noise and towards the future of Sunny Isles as values could climb much higher with time, as long as the Ocean & City views are not completely obstructed. The ‘new views’ will be considered East & West alone as the urban transformation allows no other option.

JADE Beach condos have been in demand given the most desirable location, luxury & value with a lifestyle experienced only in Miami. The average JADE Beach list price per square foot is reflecting $1,243 psf (Up 1% from November Stats) with the 90-day average selling price per square foot reflecting $996 at 208 days on market and an 94% sale to list price ratio (6% average buyer discount). JADE Beach condo sales for 2014 reflect 21 resales from $850k (B1 Model at $783 psf) to $2.020M (D Model at $1,048 per square foot). Last year’s average selling price per square foot reflects $1,013 at 136 days on market and an 93% sale to list price ratio. So far in 2015, we have no new sales.. $1,190 per square foot is the record high for 2014.

(17121 Collins Avenue) JADE Ocean stands strong among the elite luxury condo towers of Sunny Isles Beach with a great desire & demand. JADE Ocean has 28 condo resales available today with the high prices on 3 spectacular 2-Story Jade Ocean Penthouse properties and “sky lofts” listed from $5.9M to $6.495M. Interiors on these Penthouse units range from 4-6 Bedrooms and from 3,866 to over 5,000 square feet. There are only 2 mirrored image ‘Sky Lofts’ (per Model) in each JADE building and few other penthouses quite comparable in Sunny Isles Beach. The prices at Jade Ocean condos begin with a high floor (B-1 model) from $980,000 to $1.150M.

JADE Ocean’s average asking price per square foot is at $1,444 ($1,470 in November) and today’s buyers are finding the larger model floor plans most attractive setting new record highs at $1,288 PSF for the E Model. In the last 90 days, 2 sales have occurred from $1.125M (B1 Model) to $1,154 (E Model). Penthouse units #4601 & #4604 sold last year at $6.550M & $7.070M setting a new record high for JADE Ocean. Last year, 12 sales occurred with values reflecting $1,224 PSF selling at 92% of list and 178 days on market. So far in 2015, we have no new sales.. $1,397 per square foot is the record high for 2014.

There are 12 JADE Ocean rentals listed in January with prices ranging from $6,500 (B2 Model) to $35,000 for a beautifully furnished Jade Ocean Penthouse. Last year 16 condos rented ranging in values from $4,200 (B1 model) to an E Model renting at $15,900 furnished.

While some prefer JADE Beach as a place to call home, JADE Ocean condos have always sold on a higher price point offering clear advantages to many owners in amenities, luxury & lifestyle. JADE Ocean vs. JADE Beach interior differences are not significant other than kitchen counter finishes (Granite vs. Quartz), slightly better floor plans along with the amount of glass encompassing the walls throughout. Other amenity differences are shown through photos & videos here.

(16901 Collins Avenue) JADE Signature is on its way in making History for luxury + function + lifestyle in Sunny Isles Beach. The concerns that owners addressed with both Jade Beach & Jade Ocean have now been confronted & cleared at Jade Signature with incredible floor plans offering desirable open outdoor living environments. Construction is ongoing with groundbreaking commenced and the crew working full force in the progress of the final addition to the JADE Sunny Isles Condo Trio.

More to come soon but today’s prices are over $1,400 per square foot.. All 1 bedrooms have sold out (waiting list to buy) while only larger 3+ bedrooms remain. Today, approximately 86% of the JADE Signature project has been sold. To buy a condo today at JADE Signature, call me for available pricing #305.978.7704 or inquire here Jade Signature Condos for Sale.

Time to Showcase your property to perfection. I provide strong International exposure with global marketing and an Internet savvy style like no other. Local market knowledge goes a very long way as customers want to know the market conditions in Sunny Isles Beach. I have a proven track record along the Miami Beaches and I’m available to market your JADE property effectively right here on the JADE Condos authority website & blog plus my many other websites displayed below. Besides personal marketing, I have the prestige & reputation of ONE Sotheby’s International Realty with exposure and marketing channels that are beyond the extraordinary. For further details on a superior marketing strategy and efficient results whether selling or leasing your oceanfront condo, reach out to me today and let’s begin.

The original MiamiDreamRealty.com is a major performer showcasing the entire luxury Southeast Florida MLS listing database and over 250 Miami condo buildings (500+ customers daily) while the JADE Ocean, JADE Beach & Turnberry Ocean Colony MLS database access contains very accurate JADE Condo listings for anyone looking to buy or rent. Market statistics have show us continued appreciation in condo sales with trends continually showing Miami to be a very strong market for luxury real estate. Stay tuned to the JADE Blog and other authority websites below!

A lot is changing with our local market and since the last JADE update in 2012, the premier inventory escalates in value and new construction steps in with values beginning at $1,400 per square foot. Sunny Isles Beach condo inventory has increased to 614 total condos for sale and 214 closed sales in the last 90 days (~10 month supply).

Last year 367 Sunny Isles oceanfront condos over $500,000USD sold through our MLS database with an average selling price per square foot of $538. As of October 2013, 288 Sunny Isles Beach condos have sold with an average sale price per square foot at $610 SP$/SF. In a contrast comparison of luxury oceanfront condos specific to Collins Avenue and over $500k, we see 268 condos for sale with 265 closed sales this year averaging a sales price per square foot of $620 SP$/SF and selling at 94% of list price.

If we take the top 10 luxury condo sales this year, we find an average sales price per square foot of $1,125 (Up from $789 previous post or 30%) and an average asking price per square foot of $1,270 psf reflecting an averaged 11% discount for new buyers shopping in the Sunny Isles Beach luxury real estate market. The top 10 Sunny Isles Beach luxury condo sales from the last 90 days were found at JADE Ocean with 5 sales reflecting $1009, $1112, $1138, $1138 & $921 per square foot. other luxury sales within the top 10 came from Turnberry Ocean Colony ($901 psf), Trump Tower III ($956 psf), Acqualina ($1,126 & $1,824 psf) and Trump Palace ($1,286 psf).

What are the latest sales & the very best condo deals at JADE Ocean & JADE Beach Miami as of October 2013? With new projects and condo developments, Sunny Isles Beach condo inventory has increased 10% year to date while sale to list price ratios are averaging 96% and 108 days on the market for the prior month of September. More details pertaining to JADE Condos..

(17001CollinsAvenue.com) There are a total of 15 (6% inventory) JADE Beach resales ranging in values from $929,000 (B1 Model) to TWO impressive 3-Story JADE Beach penthouse ‘Sky Lofts’ reduced and now priced at $9.595M & $8.7M with both interiors at 8,210 SF (Contact me for the Jade Beach I- Line Penthouse Floor Plans).

JADE Beach condos have been in demand given the most desirable location and lifestyle experience found only here. The average JADE Beach list price per square foot is reflecting $1,095 psf (Up 32% from 2012 Stats) with the 90 day average selling price per square foot reflecting $851 at 95 days on market and an 97% sale to list price ratio (3% average buyer discount). JADE Beach condo sales for the year 2013 reflect 16 resales from $720k (B1 Model at $835psf) to $7.450M (I Model penthouse at $907 per square foot) setting a record high in JADE Beach ‘sold’ values. This years average selling price per square foot reflects $869 at 129 days on market and an 94% sale to list price ratio (6% average buyer discount)

(17121CollinsAvenue.com) JADE Ocean stands among the elite luxury condo towers of Sunny Isles Beach with a great demand in ownership. JADE Ocean has 9 condo resales today with the high prices on two spectacular 2-Story Jade Ocean Penthouse “sky lofts” listed $9.450M & $9.350M with 5 Bedrooms and over 6,500 square feet. There are only 2 mirrored image Sky Lofts per Model in each JADE building and few other penthouses comparable in Sunny Isles Beach. The lowest priced resales today begin with a B-2 model priced from $1.350M. JADE Ocean’s average asking price per square foot is at $1,443 ($1,120 psf 2012 Stats) and today’s buyers are finding the D & E Models most attractive with very limited inventory setting new record highs at $2.9M. Year to date, 15 sales have occurred from $885k to $2.9M. Unit #3404 sold at $2.2M in August setting a new record high at $1,138 per square foot for JADE Ocean. Selling price per square foot averages at JADE Ocean reflecting $1,009 while selling at 94% of list after only 95 days on market.

There are 14 JADE Ocean rentals listed in October and the prices are ranging from $3,900 (B1 Model) to $15,900 for a furnished (E Model) 4 bedroom. Year to date, there have been 11 rented condos ranging in values from $3,000 (B1 model) to an E Model which rented at $16,000.

JADE Ocean & JADE Beach interior differences are not so significant other than kitchen counter finishes (Granite vs. Quartz) along with the amount of glass encompassing the walls throughout. Other amenity differences are shown through photos & videos here. New sales statistics show us the latest in sales, facts & trends so stay tuned to this JADE Blog and authority site. While some prefer JADE Beach as a place to call home, JADE Ocean condos have always sold on a significantly higher price point offering clear advantages in amenities & South Florida lifestyle. Sunny Isles Beach oceanfront market values are noting considerable price gains from the last few years.

(16901 Collins Avenue) JADE Signature is on its way in making History for luxury + function. The concerns that owners addressed between Jade Beach & Jade Ocean have now been addressed at Jade Signature with incredible floor plans & outdoor living environments to long for. Construction is ongoing with groundbreaking commenced and the crew working full force in the progress of the final addition to the JADE Sunny Isles Condo Trio.

More to come soon but today’s prices are over $1,400 per square foot with a graduated scale on increases this year as sales continue.. to reserve a condo at JADE Signature call me today for the very best in pricing. 1.888.383.7326 to inquire on Jade Signature Condos for Sale.

Ready to Sell or Lease Your Property at JADE

In Miami, your results are heavily dependent on the broker, agent or Realtor® whom you choose to expose your luxury property. When hiring someone to sell or lease your JADE condo, look for strong global marketing with local market knowledge and a proven track record with luxury condos along Sunny Isles Beach. I’m available to market globally right here on the JADE website & blog plus my many other websites such as MiamiDreamRealty.com. For further details on a superior marketing plan and efficient results whether selling or leasing your oceanfront condo reach out to me today and let’s get started.

In 2010, I released a new addition to the Sunny Isles Beach condo collection with TurnberryOceanColonySunnyIsles.com website to replicate the success I’ve had with the JADECondosSunnyIsles.com authority website. Price points at Turnberry Ocean Colony dropped approximately 20% in 2009 alone and showed us sales as low as $1M in 2009 while sale prices today have increased~100% and noting the market turnaround. Here you’ll also find new updates, videos & detailed statistics at the Turnberry Ocean Colony blog.

ONE Sotheby's International Realty is an independent real estate brokerage firm and has no affiliation with the Developer Turnberry Associates. ONE Sotheby's International Realty does not have authorization from the Developer of the Turnberry Ocean Colony Sunny Isles project to represent the Developer or make any representations about the project. No representations or other statements regarding the Turnberry Ocean Colony projects and the units, and no agreements with, deposits paid to, or other arrangements made with ONE Sotheby's International Realty are or shall be binding on the Developer. Please refer to the Developer's official project brochures, Turnberry Ocean Colony website and materials, and the documents furnished by the Developer pursuant to Florida Statutes Section 718.503 for information regarding the Turnberry Ocean Colony Miami project. Official Turnberry Ocean Colony project brochures and information can be obtained directly from the Developer at the project office or via the Developer's Turnberry Ocean Colony Miami website. Sotheby's International Realty® is a registered trademark licensed to Sotheby's International Realty Affairs LLC. Each office is Independently Owned and Operated.